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Articles by pawan tewari

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Minimum Alternate Tax-In Most Simple manner

  pawan tewari    05 March 2016 at 11:37

The concept of MAT was introduced under income tax act to tax companies having profit as per books and declaring dividends but have no significant taxable income because of exemptions, deductions, incentives and tax holidays available to them. The in

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Posted in Income Tax  13 comments |   10485 Views


Handy MAT Provision

  pawan tewari    30 June 2014 at 12:58

Objective behind the introduction of MAT: Normally, a company is liable to pay tax on the income computed in accordance with the provisions of the income tax Act , but the profit and loss account of the company is prepared as per provisions of the Co

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Posted in Income Tax  6 comments |   20967 Views


TDS U/S 194C: Introduction

  pawan tewari    07 May 2014 at 12:02

Simplified version of section 194c: TDS on contract.Let me introduce two dummy persons Mr Ram (expert) Mrs Ram (little idea of provisions of sec 194c.)Mrs Ram: who are required to deduct TDS u/s 194?Mr Ram: Any person who is responsible to pay a resi

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Posted in Income Tax  17 comments |   28956 Views